In a presentation to the company’s annual meeting, chief executive Tim Dyson will add: “Overall trading remains consistent with the update provided in April, the new business pipeline remaining largely positive with a number of new assignments being won.”
The marketing and communications specialist said it has won work from Ernst & Young, the World Health Organization, Photobox and Sainsbury’s Argos as well as additional assignments from Amazon, Google and Salesforce.
Dyson said the group had done a “good job” managing the impact of coronavirus, with a focus on boosting operating margins and cash conversion.
And he added Next 15 had been “relatively insulated” from the sectors worst affected by the lockdown, though he also cautioned: “We still feel it is prudent to assume that any real recovery will not be seen until the latter part of the fiscal year.”
With net debt of just £5mln and a strong balance sheet, Dyson confirmed the group plans to return to making selective acquisitions.
“We also recognise the importance of paying a regular and sustainable dividend to our shareholders and are reviewing when to resume payments,” investors were told.